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said they'd pick up again on monday. >> the good news is we agree on some of the big things. >> reporter: president obama thought he and house speaker john boehner had an agreement to target $4 trillion in cuts. but saturday evening the speaker abandoned that plan, saying it was just too ambitious and couldn't pass. >> to get a big package would require big tax increases in the middle of an economic situation that's extraordinarily difficult with 9.2% unemployment. we think it's a terrible idea. it's a job killer. >> reporter: democrats want to close some tax loopholes to offset the cuts. >> what is really appalling is to see our republican colleagues essentially providing a form of extorti extortion, if you don't agree to deficit reduction the way we want it we're going to put all these jobs at risk. >> reporter: uncle sam's credit rating may be at risk if congress fails to act soon. >> and if that happens, you're going to see catastrophic damage across the american economy and across the global economy. >> reporter: a critical meeting bringing together political leaders wh
was minimal. >> it does come down fast and furious every once in a while. this was a big one. market street was a river. >> reporter: things are pretty much back to normal. you will find trash bags where people picked up debris that was left behind. fredericks's flood control system at carol creek spared the historic from disaster. it was built after the city flooded in the 1960s. >> underneath that aring a arin aqueducts. >> reporter: this shows cars about to float away at a condo complex. you were showing the water came up to the sign here? >> came up about right here, right past the sign. see where everything just rest underneath the car and everything. >> reporter: darcy spencer, news 4. >>> closer to washington, the storm took a toll on trees and power lines and led to yet another difficult commute home for many across the area. jackie bensen continues our team coverage. she's live in bethesda. >> reporter: as usual, most of the damage and inconvenience was caused by this area's large, old trees. people ran for cover as the skies opened in the humid late afternoon, grabbing for umbre
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